Social Security is the federal government’s largest single program. Of the 58 million people who currently receive Social Security benefits, about 70 percent are retired workers or their spouses and children, and another 11 percent are survivors of deceased workers; all of those beneficiaries receive payments through Old-Age and Survivors Insurance (OASI). The other 19 percent of beneficiaries are disabled workers or their spouses and children; they receive Disability Insurance (DI) benefits.
In fiscal year 2013, Social Security’s outlays totaled $808 billion, almost one-quarter of federal spending; OASI payments accounted for about 83 percent of those outlays, and DI payments made up about 17 percent. Each year, CBO prepares long-term projections of revenues and outlays for the program. The most recent set of 75-year projections was published in September 2013. This publication (shown below) presents additional information about those projections.
Chosen excerpts by Job Market Monitor. Read the whole story at
via CBO | The 2013 Long-Term Projections for Social Security: Additional Information.
Job Market Monitor 
Discussion
Trackbacks/Pingbacks
Pingback: Disability Insurance in US / Five factors explain bulk of growth in rolls | Job Market Monitor - January 30, 2014
Pingback: Social Security in US – What if we were to recast it as true insurance? | Job Market Monitor - April 7, 2016